There is a great story of luck and persistence about Jack ‘Treetop’ Strauss. A towering figure, Strauss was an accomplished poker pro. In 1982 he was playing in the World Series of Poker, having made his third final table of his career (he finished second to legend Johnny Moss in 1971). So as legend has it, during the second day of the ...
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Put together these ingredients: The biggest weekly market decline in two years, the winding down of earnings season, and a light week for economic data. The result? Financial TV producers will be seeking experts to explain whether we are starting a major correction. Analyzing the Fed will be a favorite theme.
Unless and until we get a bit of a rebound in stocks, ...
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2013-2014: Not A Good Benchmark
It has not been difficult to find “as long as the Fed is in charge, we will never have another serious correction” comments in recent weeks. The July 31 selloff in risk assets may have brought some back closer to reality. Key points regarding the real world and investment stress:
If you are relatively new to the investing ...
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To the surprise of many observers, stocks have survived a series of recent challenges. As Q214 earnings reports starts begin, the questions has changed:
Can strong corporate earnings spark a renewed rally in stocks?
Prior Theme Recap
Two weeks ago I expected that speculation about a market correction would dominate the time before earnings season began. This ...
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Earnings: A Big Role This Week
Before we get into the subject of recent volatility, it is important to understand the primary market driver in the days ahead – earnings. From The Wall Street Journal:
Twelve Dow industrials components and 146 S&P 500 companies are set to post earnings this week, including Apple, Microsoft and Ford, according to FactSet. ...
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Is it time for a mid-course correction?
I expect the punditry to assemble the evidence, with each concluding that (s)he has been right all along!
Prior Theme Recap
Last week I expected that plenty of data packed into a 3 ½ day week could lead to some fireworks. While the market move was not overwhelming, the basic concept proved out. Economic data generated ...
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Better Economic Data And New Highs In Stocks
The most recent read on the U.S. economy was released before the fireworks began in the USA. From Fox News:
Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 percent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in ...
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